Bitcoin Forum

Hey guys,

I want discuss about bitcoin.
2 weeks ago my friend asking me,
'What's your job now,i said trading bitcoin bro'

He surprised about my statement.
I ask 'why?why you looks like that'
He said,'it possible?money for criminal like that can be used for trading?'

I answer,'why not?that legal,thats money is depend ur purpose,buy or sell something,or you will donation for terrorist.

Any have same statement like me?

You can use bitcoin to buy candies and US dollars to buy drugs, that's up to you, the money doesn't spend itself.

That's the common misconception. Bitcoin is not used for criminal activity, or at least not used as much as supposed. If a criminal wanted to use bitcoin, they could use a more anonymous altcoin, like monero.

Bitcoin, like gold can be used for criminal purposes.

correct the problem is not with any kind of currency .bitcoin is fine and it is the same as eu\usd .

Yes, it seems some people who never used Bitcoins only heard about Bitcoin in some news regarding criminal activity recently. But in the past people heard about price regarding Bitcoin from the media news as well, coming to the false conclusion Bitcoin is get rich or tullip scheme. I dont know what is worse from these two stories, but obviously just to depend on media news to understain certain subject is not enought.

Criminals use more dollars than bitcoins. The currency can't help being used by criminals.

Bitcoin was introduced in 2009 and terrorism and other criminal activities all have a long history.Man created weapons for self defense and hunting but same weapons are also uesd for killing and violence.It is upto you how you use something

Mostly fiat and gold are being used by criminals rather than bitcoin or virtual currency however government like to hype about bitcoin being criminal money because they fear that one day bitcoin like decentralized currency can dominate the entire economy of world.

Yup! that true. IT doesn't mean that if we say Bitcoin that means that we are using bitcoin to buy drugs in the deep web! pay to enter a website in deep web for the child pornography or some one else. Lot of people now a days said that person who have bitcoin is they are using it for the illegal activities online. But lets say yes! but it doesn't mean all of us using it .

You're friend is a primary example of an ignorant person that is being led on by the media. Jumping to conclusions just based on what you've heard somewhere is very wrong. I would argue that a currency that can not be used for everything (this includes all types of illegal stuff) is not a true currency.

Nicely said. Isn't it ironic how the western media sometimes portrays Bitcoin as a currency used by criminals when the US dollar is the primary currency used in everything illegal.

Simply put, such people are ignorant idiots.

How can you know that? if ever there was a survey that happened. Because I do not think anyone knows for sure criminals, more use dollars or bitcoin. But I think because the dollar is better known, the majority of criminal use this currency. IMO

But I agree if the currency can not be considered criminal. Because currency only objects used by criminals and money should not be blamed.

People blindly following and believing everything the media is saying are just dumbasses. They think that Bitcoin is being used by criminals while they can't even get a clue of what's happening with their fiat money. Bitcoin will not even come close to the 0.1% of all the dirty things done such as wars that are being financed with fiat. Shame on them.

Whatever currency it is may it be digital currency or fiat currency,it can be use by the criminals. People should not generalized that bitcoin is only for criminal because any other currency or commodity is use for crimes as long as it's acceptable as payment. Maybe the one who are thinking that it is for criminal are the ones who didn't really know the nature of bitcoin and just they just believed what they have seen or heard in the news or media which is sometimes fabricated just to let people believe that it is use for bad purposes.

I think this situation is not new anymore. Most people who are just informed by media sometimes knew that bitcoin is used by criminals, just used in doing bad things, even they don't even tried it. It's good that you let your friend understand, that's the least you (or anyone here) can do imo. In the end he is still the one to decide about it.

Can't blame your friend for thinking that bitcoin is equivalent to "criminal's money". I have a friend who also thought it that way. I think that is a result of years of bad publicity on bitcoin. What the common people doesn't get to hear about are the benefits bitcoin gives to the ordinary people and how it can empower those who didn't have access to such a currency. Bitcoin really has a long way to go towards being viewed generally as a trustworthy digital currency.

These crappy spam threads are tiresome. What do you think was used to pay for drugs, prostitution, prople trafficking etc for the last hundred plus years?

Yes that's right fiat money.
Anything that has a value will/can be used to pay for stuff.

What % of the annual billion dollar drug trade is paid for using bitcoins? I bet it's a minimal %.

if bitcoin is a currency for criminal,and so does with any fiat or physical money,bitcoin's transaction history can be traced and physical money can't so anwer me,which is the most match for criminals? i guess the answer is physical money,just let your friend know what's bitcoin and they'll not interpret bitcoin like that

it is not true !!! bitcoin payments are digital media that is designed to facilitate everyone to make remittance.
those who use it for criminal actions are irresponsible. bitcoin provides positive impact !!

well it's easy to know,from when dollar was created compared to bitcoin,and if you look back,there's so many drugs lord before bitcoin was created,so they'll definitely using dollar to do an international transaction,that's enough to give you reference that dollar is even worse than bitcoin

That is a reputation of bitcoin made by media in the minds of people not using bitcoin, who says bitcoin is criminals currency?
What if a criminal hacks an account of a hospital and asks for US dollars? Will US dollar be called a criminal currency after that? Absolutely not, then why that rule applies for bitcoin?
It is upto the person who uses a currency if what way he uses it, if someone uses it for well then it is good for himself and if someone uses it for bad actions then that will become bad for himself, just by some evil people using bitcoin in a bad way does not make the whole coin "the criminals currency".

Sure, Bitcoin probably started out that way and unfortunately keeps its reputation as the "drug money of choice". I remember reading the original Galker and Slashdot articles in 2010-11 explaining how to use Bitcoin for the Silk Road complete with onion links. (It used to piss theymos off so much back then if you linked to the Galker article in a post your post would be deleted. LOL)

I was intrigued and wanted to know more about this "Bitcoin" thing. It was the first time I ever heard about Bitcoin or the Silk Road. I came here to look around and ended up having a few mining discussions with organofcorti and Goat. I slowly realized I could be at the start of something that could make history (or at least make me some extra scratch). I started mining heavily because of the influence of the two guys mentioned above and TerryTibbs (for ltc).

I definitely would never have found out about Bitcoin without its notorious drug connection.

I agree with that. Bitcoin cant count as a criminal case unless used it at bad things. For example, you bought some drugs that are illegal in your country, that will count as a crime. But if you use your bitcoin to buy a Legit Car, then that will not count as a crime.

Yes. Thats true. Bitcoin is created only for positive things. Not for doing some crimes online. But if you would look how bitcoin is used, you can see that bitcoin is also used to buy and sell things without telling your own Identity. And thats one reason why bitcoin is used for anonymous transactions online.

And fiat money is a real life currency for criminal. Whats your point?

Tell them that they are idiots since they don't know that most of the crime is being used under fiat currencies. Show them the data and then they cannot say that again:

https://news.bitcoin.com/wp-content/uploads/2015/12/chart.png

Tell him, " he is need learning more about the technology "and to building their logic because all of the currency is aving a chance for criminal, not only bitcoin. but your friend is lack of knowledge about logic

At the moment, bitcoin has really limited use. Most likely the terrorist/criminal will still need to cash out to fiats before they can buy what they need. At the end of the day, fiats are actually the real currencies used by them.

these people are idiots who think this way about bitcoin, their thought process is like this:
they look at themselves and see they are not using bitcoin, and they don't even know what bitcoin is. then thinking more they recall a faded memory of reading something somewhere about someone who used bitcoin to do an illegal act like buying drugs so they make the conclusion that bitcoin is for criminals.
and this fault is on the media for showing bitcoin this way.

if someone labeled bitcoin as criminal money then ask him why he did not say that dollars are criminal money too? most of drugs and weapons and terrorist funds are in dollar not in bitcoin! do not blame someone sells knives for a crime is done by knive

Why do you ask such questions? You are member already and here we have many threads about connection between bitcoin and criminal activities, how you didn`t saw all that?
Bitcoin is currency like any other, and bitcoin can be used for good and bad, like dollar or euro.. you already saw some very good comments about this,  don`t be lazy, search around forum a bit more and you can find many useful information`t about how to explain to people what is bitcoin, and how to explain them that bitcoin is not criminal, its just people that use bitcoin in evil purposes.
Now you can lock the thread, cause you made a "spam thread".

Fungtion of bitcoin depend on people who use it, because it can be used for bad something and it can be used for good something. I you must explain to your friend about it. Because i am sure your friend don't understand about bitcoin and another cryptos coins.

I haven't really been in any discussions where I'd have to go and refute why Bitcoin isn't a currency for criminals, but I have thought about it in the past and basically my thought process is quite similar to yours. Bitcoin is just another financial tool, and if criminals wanted to trade money and buy things they wouldn't have to use Bitcoin. Bitcoin just adds a bit more of a layer of anonymity to everything.

any type of currency that could be used for criminal, but in this case depends on us who use it for any purpose.

so I do not think bitcoin is money to criminals because all the money could be used for the criminals.

Yeah and I think the number of People using Bitcoins for criminal Things is limited. There are definitely more People using Fiat for criminal activities than Bitcoins.

In my mind,bitcoin is great system,my friend got negative issue about bitcoin from media,

9 month ago,he's read newspaper about money laundry and biggest cartel drug in my country use bitcoin for transaction and wash money,

How to make he believe if bitcoin is great currency and more effective than cash for internet transaction.give good opinion,i really love bitcoin,i have a plan to make bitcoin is great currency in my place

you have to gave great explanations to your friend that not all bitcoin users are the criminals also bitcoin made not for criminal activities because much bitcoin users is good person but as long as it doesn't illegal into your country i think you must ignore your friend opinion

Its not about surveys, but the amount of money estimated in all worldwide criminal activites exceed Bitcoin capacity by a lot - the Bitcoin blockchain dont have such wealth transfers recorded even if Bitcoin was used just for criminal activites, which it is not of course. Probably majority of people (including criminals) going to use Bitcoin in future, simply because of Bitcoin better properties, but now its under 1%.

In my place,bitcoin still 'grey' statement,goverment permitted bitcoin but they dissagree wuth bitcoin too

if the third party that use bitcoin are retarded and do not invest in proper security, and have big hole all over the place, it's not bitcoin fault lol, the same for criminal that use it, bitcoin can be used by everyone just like cash, it's not bitcoin that choose to be used by crimnal it's just more convenient for them to use it, because of anonimity, but cash offer the same anonimity

I wann bring here too forum,but he said he not neccesarry about forum,because he said he's know about currency :/

...

Ah, criminals might use Bitcoin.  And of course, criminal governments would not be above stealing wealth:

http://www.zerohedge.com/news/2016-08-15/wealth-tax-looms-greeks-forced-declare-all-assets-tax-authority

The Greek government will want to know how much cash is held by each citizen, even if below 100 euro.

I believe that we have all learned that many governments have criminal tendencies.

Obviously not all bitcoin users are criminals or most of them are not, but maybe there are a few doing evil things using bitcoin but that does not make the coin a criminals coin, even there are criminals using fiat currencies in the world but we do not call fiat the criminals currency because we know that we cannot do anything about that as long as someone has the money it is upto him if how he is gonna use that money.

Yeah,i have the same statement like you,but with better english. ;D

There is no such thing as a "currency for criminals".Criminals use mostly USD,is the US  dollar a

"criminal currency"?Off course not.

If you mark everything that criminals use as currency, then fiat is the currency for criminals, Gold is the currency for criminals, Diamonds is the currency for criminals, etc. Everything with value can be used as a currency tool for criminals. But as always, Bitcoin is the one being named in the media....

We can't blame it to some kind of currency, people worldwide using dollar in their life because it so famous just like euro and pounds sterling.
Criminals and police could use dollars or another currency as they want, for something bad or good, same thing as bitcoin. But bitcoin has advantage to used by criminals due to it's anonymous and fast transaction.

This topic has been debated a million times already.. Bitcoin is not money for criminals, it empowers everybodies financials.

The thing about bitcoin and criminals though is that it does make it easier for them to transfer large amounts of money overseas. Boats packed with millions of dollars in bills are not needed any more and this can become a problem as law enforcement will stop even less of these transports.

Other than that, most kids are still buying weed with cash on the street corner, not using bitcoin.

First of all "trading Bitcoin" is not a job. In 90% of all cases, it's simply overestimating one's own abilities with the prospect of a negative return. At least it's not productive in any way. Sadly the number of people that simply see Bitcoin as an illusional get-rich-quick scheme is increasing every day. These people don't understand nor care about Bitcoin as a decentralized currency at all. They are basically fiat heads that are just searching for the most volatile asset. So OP is hardly a respectable representative of the Bitcoin community.

That said it's pretty clear that most things that can be theoretically used for criminal acts are evil by itself. Think of thoroughly baked bread. You could use that as a weapon to kill people. Yet it rarely happens. The same is true for all kinds of money. Most people are just doing legitimate business with it, only few abuse it. Some people are evil, but not things.

ya.ya.yo!

Your friends do not have any knowledge about bitcoin, that is why he said like that, try to teach him all about bitcoin and try to bring him to this forum after seeing this community of bitcoin he will know that bitcoin is not a currency of criminals but is it a normal currency for online users.

Bitcoin is not used on a large scale by criminals, only a smaller number of criminals are suing bitcoin for their crimes, I think it is a currency for traders and for those people who do business online.

Bitcoin is virtual currency for everyone, it depends on how people use it.Bitcoin open ledger blockchain technology is unique and safe then other online ecurrencies like paypal and others.

I was told a similar thing by Citrus cash wherein a user send me fraudulent funds and I complained about them and this fraudster to the police. They then said that bitcoin is a currency that's used for illegal purposes. I just did not waste my time replying to them as they support fraudulent transactions and criminals and then blame bitcoin users. It's not necessary everyone uses this virtual currency for illegal trades. I earn coins by selling my gift cards, recharges and signature campaigns which is legal and hence don't care what others say or feel.

sometimes these people just feel like they know about everything and don't want to learn about something furthermore and will result having limited knowledge and limited capacity of brain to think about things deeper,and that's how fool people was made

Yup, Bitcoin is not all about the bad thing. But if you said so, then fiat (physical money) is also for criminals. Because Bitocin and fiat, they're both money. If you just think about the bad side of a technology, then you would not understand its advantages.

It is bad that we call bitcoin as the currency of criminals, bitcoin is a currency of digital world and all of the digital businesses are dependable on bitcoin  and those who are not yet on bitcoin are shifting to bitcoin, there are more legit businesses on bitcoin than criminals, and more people are getting benefit with bitcoin rather than harms.

I posted this somewhere else but it seems more fitting here.

Bitcoin seems to be the worst magnetic attractant for criminals since the prohibition era liquor business or the 40s-50s Vegas gambling business. Too bad Bitcoin didn't exist in the mid 20th century. The Chicago, New York and Vegas La Cosa Nostra would have loved it.

Bitcoin doesn't have to be illegal for it to be a vehicle for crime. Gambling isn't illegal but every gambling city like Las Vegas is a haven of other types of crime like illegal prostitution. Yes, that's right, prostitution is ILLEGAL in Las Vegas but it's the second largest industry after gambling.

http://cdn4.vtourist.com/19/6435895-Strip_Las_Vegas.jpg?version=2

It is only a rumor against bitcoin, no one have proof that bitcoin is used for crimes by criminals, maybe in the past in some places it was used for crimes, but now we do are not seeing any place where we hear about that concept the more we hear is bitcoin is a best currency for those who want to earn online money.

first of all, bitcoin is a "Digital" currency not virtual :P, and secondly its accessible to everyone, whether a criminal decides to use it is upto them. It in no way endorses criminals.

Seriously? Have you been living in a cave for the last five years? Dread Pirate Roberts only accepted Bitcoin, got life in prison and made world wide news. Mark Karpeles used Bitcoin to steal a half a billion dollars, also world wide news. I think we've heard a little about crimes revolving around Bitcoin.

I hope that can be done in an easy way. Damage had been done and correcting it will be harder. Specially now that a lot of people are using the social medias to increase in number of scamming. How can we explain that kind of criminality.

thats true sometime people just bitcoin by how bad it is being used till now.it is just being used by some bad people so that does not means that this is bad its just a money but they think this because their understanding about bitcoin is not clear

Exactly.  Criminals also use cash and regular banks.  Why the FUD title?  What is the point in saying it, spreads FUD.

yeah, criminals use all currencies, the media spreads nonsense to people and they believe it, it is sad to see that so much people think bitcoin is bad

Generally when i talk to my friends about trading, the only thing they say is:
"what is bitcoin?Did you ever cashout?"

We are not the same as statement receive from friends they said that bitcoin is scam but i completely explain to them that this is not scam bitcoin is really make me money.. and now after that they search about bitcoin and now they are now earnings in faucet. but i never say that we have a forum like this that where they can know about more in bitcoin..

it is really a virtual currency and every one is using it equally, there will be so  many people who will use it from for goods and there will be so many other people who will be using it for criminal activities.

Feel sad for your friend since he received some misleading information of bitcoin. Your friend does have an idea about bitcoin since he stated some his own insights about that currency. What's lacking is, he is really not interested since if he really wants to know more about bitcoin, no such statement like that will be made.

Well if you want you can give him a nice study but if he's not interested then just let him have a thinking like that.

Criminels and terrorists use fiat as well as currency , and they used it already in the past before the creation of Bitcoin, so there is no any solid proof that the Bitcoin is the virtual currency for criminal

He's not really to blame though for having to know bitcoin having a reputation of "criminal's currency" since the mass media would always only inform the public about the criminalities involved with bitcoins.
I too have encountered conversations like that. Worse, my parents are actually against me using bitcoin because they think I may be doing illegal things.

they got informed by news channels and newspapers that some terrorists used bitcoin for trasactions and now if they see us using bitcoins then they will think we are bad people and doing bad thinks but they were wrong completly wrong

Bitcoin can not be blamed for all these criminal activities involved by different bad guys. It is for innovation and credit card or fiat money has been used by criminals for decades for such activities. There is lack of protection and doesn't have some legislation in this regard once we see more regulations all begin to be all right. Criminals always try to hide behind anything which can provide them shield and Bitcoin is perfect for these purposes.

And everyone in the government likes to portray that bitcoin is more evil compared to its fiat counterpart ^_^

Seriously people, this is some heavy bias and shit. Yes, bitcoin is used in online illegal activities, everyone knows that, but that doesn't mean that the people behind or who is using bitcoins support this idea. Everyone of us is disgusted with shady shit, and would not want to take part into something like that. If someone tells you the same thing, kindly bring up a nice discussion and defend bitcoin. It is not all about drugs and illegal things. It's about the freedom of using one's money.

   We can say that criminals use bitcoins like they use everything else for their own interest. They don't care what they use, its when someone have a bad soul. Everything they use become bad over time.
   Statement that some currency can be for criminals doesn't have logic and common sense. Currency is here to make things easier for everyone, depending from one person moral currency can be used for good or bad purposes.
   Other's think the same and this thread just confirms that we here share same opinion about this topic.  OP can make conclusions in final post and lock this thread.

Big media is to blame about this misinformation,most of the time they are spreading lies without caring if they affect people's lives.
What we can do to stop it is to avoid reproducing their lies,sharing their articles etc. and try to inform our friends and relatives about what bitcoin and the rest cryptocurrencies really are.

That's a very rude thing to say. How can one assume that criminals only use bitcoins?
It's like saying all those who have gold blocks are smugglers. People are so negative and cruel towards the currency and the users who trade in it and say things without even understanding the use. BTC can be misused too but it's not a criminal currency.

Media is always like that. People who listen and believe easily are the one to blame. Like I said in my previous post, if a person really wants to know more about bitcoin, that person will seek information by themselves and media is just a part of the story.

Same principle applies also to other things other than bitcoin.

i print this phrase and make a BIG "painting"

This is one side of the picture by high lighting Bitcoin only for illegal purposes by criminals. Bitcoin has vast market in remittance and made easy money transfers for good purposes by lowering dependence and cost of completing the transactions but they don't talk about this. Everything which can be helpful for criminals they will use whether it is gold,paper money or other existing material things.

you are right, criminals even use cash way more often than bitcoins so bitcoin is definitely not a bad currency in my opinion

yes i am agree with you. money can be use for good purposes as well as for bad, so bitcoin is also a currency, and some people will use it for good purposes and other will use it for wrong, but i think there is no fault of bitcoin in it, we cannot stop a person from using bitcoin, either he is using it for good or bad, it is the duty of the low and other to prevent the criminal from such kind of activities.

Bitcoin isn't virtual currency, it's real currency and people use it for legal and illegal purposes, just like they use fiat for legal and illegal purposes

Your friend has swallowed a large dose of horse shit.  People who don't like thinking see bitcoin as some sort of black market currency, and it's absolutely silly to see it (or any currency) as that.  You can use fiat just as easily as bitcoin to buy drugs and guns and all that other stuff.  Hasn't anyone seen Breaking Bad?

Yes, criminals use bitcoin.  And terrorists, I guess.  But those people also use combs and foot powder, and neither of those items gets tarnished because of the association.

It's looks like your friend thought bitcoin is for criminal currency because the media. Just tell im that bitcoin is like real money and you buy or sell anything with bitcoin and it's not illegal.

Bitcoin can use in criminal activity,when you go back when it's new there is more people hired a hired killer and paid bitcoin and buy drugs using it.but not this time many good use of bitcoin right  now and one of them is trading, and many other use of it now.

Yes agree with you, money is not bad of course, it is the one who spend it. 

Maybe that person who said that virtual currency is for criminal because he maybe watching too much tv and movies.  And it is because that virtual currency is not governed by the government rules and regulations.  People with bitcoin wallet and have funds can easily transmit and receive money without anything on it.   And maybe movies link the usage of transmitting money through the use of program just like cryptocurrencies right now.